Lloyds Banking Group appoints Dr Rebecca Heaton as Director of Environmental Sustainability

Lloyds Banking Group has appointed Dr Rebecca Heaton as Director of Environmental Sustainability. As Director of Environmental Sustainability, Rebecca will oversee the delivery of Lloyds Banking Group’s plan to achieve net zero.  This role will be central to our new strategy to support the transition to a low carbon economy. This includes creating diversified and sustainable growth and continuing to integrate environmental sustainability outcomes across our wider business priorities. Rebecca is already a recognised leader in sustainability, with previous experience working across industry, policy and academia. She joins from OVO…

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Lloyds Banking Group launches pioneering £7 million fraud crackdown

Lloyds Banking Group has joined forces with City of London Police to launch the industry’s first pilot scheme using proceeds of crime to fund a series of fraud fighting and victim support programmes across the country. The ‘frozen’ cash – which is money captured from the fraudsters by the bank’s specialist mule-hunting team – will be invested in several projects to tackle fraud as well as increasing education and awareness to help keep more people safe by stopping scams from happening in the first place.  One of these is expanding…

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Lloyds Banking Group becomes a founding member of the Net Zero Banking Alliance

On 21 April Lloyds Banking Group became a founding member of the Net Zero Banking Alliance (NZBA), a UN-convened, industry-led alliance of 43 banks across the world which – as part of the larger Glasgow Financial Alliance for Net Zero – aims to accelerate the transition of the finance sector and the global economy to net zero emissions by 2050. The alliance is accredited by the UN Race to Zero campaign. The alliance, hosted by the United Nations Environment Programme Finance Initiative (UNEP FI) and co-launched by the Financial Services…

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Carbon emissions drop 15% despite more people admitting to not taking action to cut carbon

The UK’s carbon emissions dropped by 15% during the pandemic overall compared to the year before, according to analysis compiled by Lloyds Banking Group in partnership with the Carbon Trust.  The analysis considered the impact on carbon emissions resulting from changing consumer spending behaviour across six categories: food and drink, fuel, commuting, airlines, electrical stores and clothing stores.   Restrictions on international and domestic travel as well as the increase in working from home have been significant factors in the drop in carbon emissions. Emissions from commuting reduced by two thirds…

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Lloyds Banking Group delivers £9bn to social housing sector in just three years

Since 2018, Lloyds Banking Group has provided £9bn of funding to the UK’s social housing sector, outstripping its original £2.25bn funding commitment by £6.75bn over this period due to strong sector demand and the Group’s appetite to support more social housing and ESG (Environmental, Social and Governance) projects. The funding has been delivered by the Group’s Lloyds Bank, Bank of Scotland, Scottish Widows and Lloyds Bank Corporate Markets teams. Commitment to Social Housing The funding has aided the creation of more, high quality homes helping housing associations provide homes for…

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